Car insurance in the UAE is a thriving and very competitive business. There are many best car insurance companies in the UAE, and we will review some of them today.
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| Car Insurance Review |
UAE Car Insurance Review: The Best Car Insurance Company in UAE
Car insurance in the UAE is mandatory, just like many other countries worldwide. If you are caught driving without it, expect a hefty fine and black points on the license. In some instances, your car might be impounded, and you may end up in jail too. While car owners may consider it as an unnecessary expense, it is good to have it. Its true worth becomes apparent when you are involved in a collision. Imagine paying for the repairs all by yourself. Trust us when we say that is not something that you would like or afford.
Benefits of Car Insurance in UAE
Car accidents happen all the time, irrespective of where you live, which car you drive, or how safely you drive. Even if you are a safe driver, another vehicle might ram into you, causing considerable damage. Therefore, having insurance is highly recommended even if it is not legally mandated in your area. The benefits of car insurance include:
- Financial protection against car damage or theft.
- Protection against Acts of God, vandalism, riots, and any other anti-social behavior.
- Limited liability in case of damage to the third party.
- Covers personal injury expenses.
Depending on the add-ons, you can get emergency replacement vehicles and free roadside assistance.
Top 3 Car Insurance Companies in the UAE
Car insurance in the UAE is a booming and highly competitive business. There are many best car insurance companies in the UAE, and we are going to review 3 of them today.
AdamJee Insurance
Although relatively new to the UAE car insurance market, this insurance provider has quickly made a name for itself. The customer reviews speak volumes about the company’s commitment to customer satisfaction and service quality. ISO Certification is the bare minimum customers expect from organizations. Fortunately, Adam Jee does not let us down as it is ISO 9001 certified. AM Best, a credit rating agency, has given AdamJee Insurance a 'B' rating. Given the short time in the market, it is remarkable that it has quickly achieved this rating. One of the best things about this company is that it boasts one of the largest dealer networks in the UAE. Regardless of where you are, you can avail of their services anywhere in the UAE. You can sign up with Ajam Jee Insurance online.
National General Insurance (NGI)
If you want to know its worth, look at its shareholders. NGI boasts an impressive list of shareholders, including:
- Sheikh Mana Khalifa Al Maktoum
- Mohammad Bin Haider Group
- Commercial Bank of Dubai
- Emirates NBD
NGI has an extensive portfolio meaning that it does not confine itself to car insurance alone. One reason for NGI’s rise in the UAE is its hassle-free sign-up process. There is not much paperwork involved, and the claims process is one of the quickest in the UAE. Lastly, the staff are pretty friendly. As NGI boasts a large portfolio and financially sound stakeholders, it does not manipulate people into buying car insurance.
Tokio Marine & Nichido Fire Insurance Co. Ltd
Can you guess where the company is based? No? The answer is Japan. Despite not being headquartered in the UAE, it is one of the earliest entrants (1976) in the UAE insurance market. Standard and Poors have given it an A+ rating, an indicator of its financial soundness. Unlike other companies, Tokio Marine does not believe in hidden charges. In other words, what you see is what you pay. While other insurance companies take months to process complaints, that is not the case with Tokio. It believes in prompt handling of all claims. Lastly, you also get free roadside assistance.
Wrap Up
This concludes our article. If you have any questions in mind, feel free to ask us. Remember to renew your policy or buy a new one before your current one expires. Thank You.